Oil pulls back from 3-year highs as investors monitor Mideast tensions

4/12/2018

Middle East tensions are adding a ”fear premium” to oil prices, say analysts, as WTI crude and Brent logged their highest settlements since early December 2014 on Wednesday. The day's gains came despite the release of data showing rises in U.S. inventories and production. WTI crude is $66.72; Brent is $71.81 this morning.

Source: MarketWatch.com - By: Myra P. Saefong & Barbara Kollmeyer - Image: AFP/Getty Images

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